Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.4.0.3
Earnings Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings per share data is computed based on the weighted average number of shares of common stock outstanding during the periods. Diluted EPS data is computed based on the weighted average number of shares of common stock outstanding, including all potentially issuable shares of common stock. Diluted EPS for the three months ended March 31, 2016 excludes the impact to income and the number of shares outstanding from the conversion of the 7.00% Convertible Senior Notes, because such impact would be antidilutive.
Earnings Per Share
 
 
 
 
For the Three Months Ended March 31,
 
2016
 
2015
Net income attributable to CorEnergy stockholders
$
3,391,121

 
$
4,086,628

Less: preferred dividend requirements
1,037,109

 
737,500

Net income attributable to common stockholders
$
2,354,012

 
$
3,349,128

Weighted average shares - basic
11,943,938

 
9,322,652

Basic earnings per share
$
0.20

 
$
0.36

 
 
 
 
Net income attributable to common stockholders (from above)
$
2,354,012

 
$
3,349,128

Add: After tax effect of convertible interest
—

 
—

Income attributable for dilutive securities
$
2,354,012

 
$
3,349,128

Weighted average shares - diluted
11,943,938

 
9,322,652

Diluted earnings per share
$
0.20

 
$
0.36